Reference no: EM132918962
Question - A fire destroyed the records of Mimiyuuh Company. However, the bookkeeper was able to salvage some data pertaining to July purchases:
July 5: 10,000 units @ 65 unit cost = 650,000
July 10: 12,000 units @ 70 unit cost = 840,000
July 15: 15,000 units @ 60 unit cost = 900,000
July 25: 14,000 units @ 55 units cost = 770,000
By end of July, 17,000 units were still on hand. Mimiyuuh uses the perpetual FIFO inventory costing system. Sales for July amounted to P6,000,000 (60,000 units at P100 price). Gross profit for July is determined to be P2,400,000. How much is the inventory on July 1?
|
Probability distribution describing daily demand
: For a given perishable product, a retailer pays $5 for each unit, then sells them for $10 each. At the end of the day, units not sold at the store are disposed
|
|
What is cost of goods sold as determined by the FIFO method
: Given the following? data, Purchases 108 units at? $8 per unit, what is cost of goods sold as determined by the FIFO? method
|
|
Assessing my perspective on ethics in connect
: Self-Assessment: Assessing My Perspective on Ethics in Connect
|
|
Explain key risks associated with investing in stocks
: Explain key risks associated with investing in stocks. Discuss events that can cause the price of a stock to increase or decrease.
|
|
How much is the inventory on July
: By end of July, 17,000 units were still on hand. Mimiyuuh uses the perpetual FIFO inventory costing system. How much is the inventory on July
|
|
Assignment on interest rate parity
: Interest Rate Parity: It is expected from the forward rate quotations that the Swiss franc will appreciate over the next 12 months. All appropriate quotes are g
|
|
Explain source of competitive advantage
: How can global operations management be used as a source of competitive advantage? List the factors that a firm should consider when making an outsourcing decis
|
|
Identify ngos currently trying to influence public policies
: Search the Internet and identify NGOs currently trying to influence public policies that relate to sustainable business.
|
|
How many shares will the original highest bidder receive
: ABC Corporation received bids from Gavin -11,000 shares , Cookie- 8,000 shares and Bella- 10,000. How many shares will the original highest bidder receive
|